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Thirty-Third Equities Co. v. Americo Group

Appellate Division of the Supreme Court of New York, First Department
May 21, 2002
294 A.D.2d 222 (N.Y. App. Div. 2002)

Summary

upholding projected damages equal to 250% of rent reserved in lease where new tenant paid approximately that amount

Summary of this case from 1710 Realty LLC v. Portabella 308 Utica, LLC

Opinion

1130

May 21, 2002.

Order, Supreme Court, New York County (Sheila Abdus-Salaam, J.), entered November 8, 2001, which, in an action to recover use and occupancy, granted plaintiff landlord's motion for summary judgment and dismissed defendant's counterclaims, unanimously affirmed, without costs.

Lorraine S. Miller, for plaintiff-respondent.

Richard M. Zuckerman, for defendant-appellant.

Before: Tom, J.P., Andrias, Rubin, Friedman, Marlow, JJ.


The tenant argues that the landlord's acceptance of rent payments after expiration of the five-year lease term at the same monthly rate as the tenant paid during the lease term established the tenant as a month-to-month tenant not subject to the lease clause obligating it to pay use and occupancy of two and one-half times the monthly rent if it held over. The argument disregards that the use and occupancy rate was not to take effect for a limited period of time after lease expiration if a new lease was then being negotiated, during which monthly payments were to be made at the lease rate. In contrast to the case that the tenant cites in support of the proposition that post-lease acceptance of rent can result in a month-to-month tenancy even though the lease contains a holdover clause (10 W. 46th Assocs. GHH Assocs. v. Gumuchdjian Fils, Sup Ct, Nassau County, June 20, 2000, Index No 07929/99), here the landlord purported to comply with the holdover clause by giving the tenant advance notice of its intention to begin treating the tenant as a holdover, does not seek to apply the holdover clause retroactively for the months prior to such notice, and never attempted to impose a proposed new lease by billing the proposed new rent. We note the lease clause barring oral modifications and waivers (see, General Obligations Law § 15-301). We also reject the tenant's claim that the holdover clause in question constitutes an unenforceable penalty, given no evidence that the projection of a 250% increase in rent was unreasonable, and also given that the premises were in fact rented to a new tenant in an amount approximating a 250% increase (see, Truck Rent-A-Center v. Puritan Farms 2nd, 41 N.Y.2d 420, 424-425). Concerning the pre-disclosure dismissal of the tenant's counterclaims for return of its security deposit and recovery of allegedly excessive payments for electrical charges, the tenant's claim that facts essential to justify such counterclaims may exist but cannot presently be stated should have been raised before the IAS court after it gave notice of its intention to treat the landlord's motion to dismiss the counterclaims as a motion for summary judgment, and we decline to consider the claim for the first time on appeal. On the record before us, the counterclaims lack merit and were properly dismissed.

THIS CONSTITUTES THE DECISION AND ORDER OF THE SUPREME COURT, APPELLATE DIVISION, FIRST DEPARTMENT.


Summaries of

Thirty-Third Equities Co. v. Americo Group

Appellate Division of the Supreme Court of New York, First Department
May 21, 2002
294 A.D.2d 222 (N.Y. App. Div. 2002)

upholding projected damages equal to 250% of rent reserved in lease where new tenant paid approximately that amount

Summary of this case from 1710 Realty LLC v. Portabella 308 Utica, LLC

upholding projected damages equal to 250% of rent reserved in lease where new tenant paid approximately that amount

Summary of this case from GETTINGER ASSOC. v. ONE MOVE UPWARD, INC.

enforcing a liquidated-damages clause obligating the holdover tenant to pay two and one-half times the monthly rent

Summary of this case from Koylum, Inc. v. Peksen Realty Corp.

enforcing a liquidated-damages clause obligating the holdover tenant to pay two and one-half times the monthly rent

Summary of this case from In re JLM Couture, Inc.

In Thirty-Third Equities Company LLC. v. Americo Group, Inc., (294 AD2d 222, 743 NYS2d 10 (1st Dept. 2002), the Court held that a liquidated damages clause calling for a 250% increase in rent is enforceable where the landlord had already found a new tenant to rent the premise at a 250% increase from what the original tenant was paying in rent.

Summary of this case from Grand Baldwin Assoc. v. Birnak

In Thirty-Third Equities Company, LLC v Americo Group, Inc. (294 AD2d 222 [1st Dept 2002]), the court held that the use and occupancy provision in a commercial lease calling for the use and occupancy to be 250% of the base rent was neither unreasonable nor an impermissible liquidated damages provision.

Summary of this case from Aimco Columbus Ave., LLC. v. Bivou Rest. Corp.
Case details for

Thirty-Third Equities Co. v. Americo Group

Case Details

Full title:THIRTY-THIRD EQUITIES COMPANY LLC, ETC., PLAINTIFF-RESPONDENT, v. AMERICO…

Court:Appellate Division of the Supreme Court of New York, First Department

Date published: May 21, 2002

Citations

294 A.D.2d 222 (N.Y. App. Div. 2002)
743 N.Y.S.2d 10

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